Butterfly Network, Inc. (NYSE:BFLY – Get Free Report) CTO Victor Ku sold 48,540 shares of the firm’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $6.56, for a total value of $318,422.40. Following the transaction, the chief technology officer owned 1,015,099 shares in the company, valued at approximately $6,659,049.44. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Victor Ku also recently made the following trade(s):
- On Tuesday, July 7th, Victor Ku sold 35,649 shares of Butterfly Network stock. The shares were sold at an average price of $7.87, for a total value of $280,557.63.
Butterfly Network Stock Up 0.1%
Shares of BFLY traded up $0.00 during trading hours on Tuesday, hitting $7.07. 1,379,999 shares of the company were exchanged, compared to its average volume of 6,676,768. Butterfly Network, Inc. has a fifty-two week low of $1.32 and a fifty-two week high of $9.69. The company has a market cap of $1.80 billion, a price-to-earnings ratio of -23.74 and a beta of 2.05. The firm’s fifty day moving average is $6.42 and its 200 day moving average is $4.92.
Key Stories Impacting Butterfly Network
Here are the key news stories impacting Butterfly Network this week:
- Positive Sentiment: Analysts are watching for continued momentum in Butterfly’s iQ3 handheld ultrasound system, Compass AI software adoption and growth in its Embedded business. Revenue is expected to increase approximately 21.5% in the second quarter, creating a potential catalyst if results and guidance meet or exceed expectations. Can AI Momentum and Embedded Growth Lift BFLY’s Q2 Results?
- Neutral Sentiment: Rothberg’s sales were conducted through pre-arranged 10b5-1 trading plans and were reportedly tied to estate planning, which reduces the likelihood that they reflect a negative view of Butterfly’s business. The company’s stock has also risen sharply over the past year, providing a possible explanation for the timing. Butterfly Network Founder Rothberg Sells Another 660,000 Shares. Should Investors Worry?
- Negative Sentiment: Rothberg sold approximately 3.79 million shares from July 17 through July 22 for about $25.0 million in total. The transactions reduced his direct ownership by roughly 95.7% from the July 17 filing and by 60.3% in the subsequent sale, leaving investors with a significant insider-selling signal and additional potential supply of shares.
Analyst Upgrades and Downgrades
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Butterfly Network in a research note on Wednesday, May 6th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $5.56.
View Our Latest Research Report on Butterfly Network
Hedge Funds Weigh In On Butterfly Network
Several large investors have recently bought and sold shares of the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its holdings in shares of Butterfly Network by 4.9% during the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 42,500 shares of the company’s stock worth $358,000 after purchasing an additional 2,000 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Butterfly Network by 24.0% during the 1st quarter. Principal Financial Group Inc. now owns 14,247 shares of the company’s stock worth $58,000 after purchasing an additional 2,753 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in Butterfly Network by 25.4% during the fourth quarter. Farther Finance Advisors LLC now owns 15,281 shares of the company’s stock worth $58,000 after acquiring an additional 3,098 shares during the period. Opal Wealth Advisors LLC grew its stake in shares of Butterfly Network by 10.1% during the 4th quarter. Opal Wealth Advisors LLC now owns 36,679 shares of the company’s stock worth $139,000 after acquiring an additional 3,355 shares during the period. Finally, Kestra Private Wealth Services LLC lifted its position in shares of Butterfly Network by 11.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 55,517 shares of the company’s stock worth $211,000 after acquiring an additional 5,500 shares in the last quarter. 37.85% of the stock is currently owned by institutional investors.
Butterfly Network Company Profile
Butterfly Network, Inc is a medical technology company focused on democratizing access to diagnostic imaging through its proprietary ultrasound-on-chip platform. The company’s flagship device, the Butterfly iQ, leverages semiconductor technology to deliver whole-body ultrasound imaging in a handheld form factor. This portable system connects to a compatible smart device, enabling point-of-care scanning across a variety of clinical settings.
Beyond its hardware offering, Butterfly Network provides a cloud-based software suite that supports image storage, analysis and remote collaboration.
Featured Stories
- Five stocks we like better than Butterfly Network
- Is the Market Mispricing ServiceNow’s AI Future?
- Nano Nuclear’s Air Force Contract Puts Its Short-Squeeze Setup in Focus
- Amkor Sells Off After Earnings—Why Weak Guidance Isn’t the Real Story
- 5 Space Stocks Face a Brutal Correction: Which Ones Are Still Buys?
Receive News & Ratings for Butterfly Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Butterfly Network and related companies with MarketBeat.com's FREE daily email newsletter.
